Tired of not being able to afford to pay your car insurance bill each month? You are no different than many other drivers. You have multiple insurance companies to purchase coverage from, and even though it’s nice to have a selection, lots of choices makes it harder to compare rates and find the lowest cost auto insurance.
Pricing the cheapest auto insurance coverage is easy if you know what you’re doing. If you have a policy now or need a new policy, you can use these techniques to shop for the lowest rates and possibly find even better coverage. Drivers only need to know the most effective way to compare rates online.
Don’t overlook these discounts
Properly insuring your vehicles can get expensive, but companies offer discounts to cut the cost considerably. Larger premium reductions will be automatically applied at the time you complete a quote, but some may not be applied and must be asked for prior to receiving the credit. If you’re not getting every credit you qualify for, you are throwing money away.
- Seat Belts Save – Requiring all passengers to wear their seat belts can save 10% or more off the personal injury premium cost.
- Driver’s Ed – Have your child take driver’s ed class in school.
- Resident Student – Children who attend school more than 100 miles from home and do not have a car can receive lower rates.
- Federal Government Employee – Employees or retirees of the government can save as much as 8% on C63 AMG insurance with certain companies.
- Passive Restraints – Cars that have air bags can receive discounts of 20% or more.
- Safe Drivers – Insureds without accidents can pay as much as 50% less on C63 AMG insurance than less cautious drivers.
- More Vehicles More Savings – Having multiple cars or trucks on one policy may reduce the rate for each vehicle.
- Homeowners Pay Less – Simply owning a home may trigger a auto insurance policy discount due to the fact that maintaining a home shows financial diligence.
- Lower Rates for Military – Having a family member in the military can result in better rates.
It’s important to understand that many deductions do not apply to the overall cost of the policy. Most only apply to the price of certain insurance coverages like liability and collision coverage. Even though it may seem like adding up those discounts means a free policy, you’re out of luck. But all discounts will bring down your premiums.
For a list of insurers with the best auto insurance discounts, click here.
Misconceptions in auto insurance advertisements
Consumers constantly see and hear ads that promise big savings by companies like State Farm, Allstate and GEICO. They all have a common claim that you’ll save big if you switch to them.
How do they all make almost identical claims?
Different companies have a preferred profile for the type of driver they prefer to insure. For instance, a preferred risk might be between the ages of 30 and 50, is a homeowner, and has excellent credit. Any driver who fits that profile gets the lowest rates and therefore will save a lot of money.
Drivers who don’t qualify for this ideal profile must pay higher prices and this can result in business not being written. The ads say “customers that switch” not “everybody who quotes” save that kind of money. That’s the way companies can truthfully advertise the way they do.
This illustrates why you need to get a wide range of price quotes. It’s impossible to know the company that will give you the biggest savings.
Keep this in mind
As you prepare to switch companies, don’t be tempted to buy lower coverage limits just to save a few bucks. There have been many situations where someone sacrificed physical damage coverage only to discover later that their decision to reduce coverage ended up costing them more. Your goal should be to buy a smart amount of coverage at the best price while still protecting your assets.
Cheaper Mercedes-Benz C63 AMG insurance is available both online and with local insurance agents, so you should compare both to have the best chance of lowering rates. Some companies do not offer online price quotes and usually these regional insurance providers provide coverage only through local independent agents.
